Aurora Cannabis (TSX:ACB) is acquiring CanniMed Th
Post# of 4861
(Total Views: 195)
Posted On: 04/15/2018 11:22:35 AM
Aurora Cannabis (TSX:ACB) is acquiring CanniMed Therapeutics, forming Canada’s biggest medical marijuana company. Aurora gains a better position to supply the growing demand for exports to Europe. The company will also grab a larger piece of initial market share at home when Canada legalizes recreational use later this year.
It’s the biggest marijuana deal ever, and analysts are calling it a sign of the times. Consolidation is rearranging the industry in Canada, they say. There used to be much volatility, but today opportunities seem to vastly outweigh the risks. Licensed companies have operated successfully in Canada for long enough that business ventures seem less vulnerable to legal threat. Canada’s federal government seems more willing to help companies than attack them, unlike in the US.
CanniMed Therapeutics trades on Toronto Stock Exchange (CMED)
It’s the biggest marijuana deal ever, and analysts are calling it a sign of the times. Consolidation is rearranging the industry in Canada, they say. There used to be much volatility, but today opportunities seem to vastly outweigh the risks. Licensed companies have operated successfully in Canada for long enough that business ventures seem less vulnerable to legal threat. Canada’s federal government seems more willing to help companies than attack them, unlike in the US.
CanniMed Therapeutics trades on Toronto Stock Exchange (CMED)
(0)
(0)Scroll down for more posts ▼